Whoops, hold that thought. I just read in another forum, that Mr. Wolfe teaches that his waves should be made up from a converging wedge and not a broadening wedge. (an extended trendline drawn across W.W. 2 and 4 points should be ...

Harmonic trading-harmonic patterns

I liked that trade so much that I find myself looking for the 5-0 pattern all the time now!! I've just suddenly realized that although Scott M. Carney invented this all by himself, the A-B-C-D points could also be Wolfe Wave 1-2-3-4 points! This is ...

Harmonic trading-harmonic patterns

Thanks Karmo. I went to bed and woke up to see that the price has formed a perfect mini AB=CD (Bullish) from pretty much where I entered. Doesn't leave me alot of confidence but at least it didn't break above the high of the reversal zone range. ...

Harmonic trading-harmonic patterns

Well I gritted my teeth and took the NZDUSD short trade. Anyone else? I figure the candle reversals look good even though it barely touched the zone and the R:R ratio is still good since it's a CRAB pattern. Now I cross my fingers.

Harmonic trading-harmonic patterns

Same thing with this EURJPY.

Harmonic trading-harmonic patterns

I hate when it just bounces off the very bottom of the reversal zone and looks like it might turn. Take this NZDUSD example right now. Tough decision!

Harmonic trading-harmonic patterns

Update on the CHF/JPY: Just pulled a conservative 47 pips off the 5-0 pattern to the Gartley reversal zone!

Harmonic trading-harmonic patterns

AUD/CAD 1hr chart has a fully formed BEARISH BUTTERFLY right now, also it has formed the first leg of a BEARISH 5-0 pattern. Watch for a reversal - She's in the zone. Also that EUR/AUD CRAB I mentioned earlier has hit the reversal zone nicely.

Harmonic trading-harmonic patterns

Hey, check out the CHF/JPY chart. Looks like a Bullish 5-0 pattern has formed inside a Bearish Gartley pattern that is still forming. This effectively gives us a start zone and an end/reversal zone.

Harmonic trading-harmonic patterns

Oooooo, I've been salivating over this EUR/AUD chart for what seems like for ever! Come on baby just a little lower.... I haven't traded CRAB yet!

Harmonic trading-harmonic patterns

I totally missed this one on GBP/CHF yesterday morning. I think I was still setting up my charts and had it zoomed out too far. Darn.

Harmonic trading-harmonic patterns

Ya, you're prob right. I chickened out now with +6. It just went a little too high for my liking. Now, I'd prefer to see it turn into a CRAB before I'll considering shorting again. I'm still disappointed with myself for not waiting for it to break ...

EURUSD

I am. I got in too early and ended up riding out the news move up. Thankfully it didn't hit my stoploss (just above the X point in the Gartley). I'm +12 at the moment and because the pattern got kind of messed up, I'm considering exiting....

EURUSD

Looks like a nice BEARISH GARTLEY setup right now for the EUR/USD. Keep a lookout for the reversal. GL

Harmonic trading-harmonic patterns

If it turns into a BAT pattern then, the first reversal zone should be between 200.17 to 196.56 (aprox.). If it fails to reverse there, then the next reversal zone will be between 162.06 to 150.54. (Which would make it a crab pattern.) Now, that's ...

Harmonic trading-harmonic patterns

Hey Numb3rs, You didn't provide very much information with your chart. Looks to me, like the point B that you've chosen is between a 38-50% retrace from the points X to A slope (just by eyeballing it). So that would mean that your point D should be ...

Harmonic trading-harmonic patterns

I've been watching alot of different pairs on the 1hr timeframe, and this AUD/CAD chart appears to have a Bearish GARTLEY pattern right now. I was just watching the action in the reversal zone when I suddenly realized that I can't even trade this ...

Harmonic trading-harmonic patterns

Possible long setup forming with EUR/AUD on the 1hr chart. (it has to be repelled from the 1.5905-1.5930 reversal zone first though). image

Aussie Pairs

Hey guys, it looks like this might have been a bearish gartley on the Daily chart as well. (Although the high point D did overshoot all the way to 88.6 XA right at the last couple bars, so not too sure if it's invalided.) Looks like it still has ...

Cable Update (GBPUSD)

Ya baby!!! TP hit for 133 pips! image By [URL=http

Cable Update (GBPUSD)